Not necessarily. A true sociocracy would value corporations on a system of social good. Not, as now, a measure of how much spare money it has after trade and costs. It should also be very possible to run corporations as co-operatives which spread ownership among the workers.

[–] Cowbee@lemmy.ml 13 points 5 days ago* (last edited 5 days ago)

Unless the Proletariat has control of the state, and thus can implement a "corporation behavior credit score" like in the PRC that isn't in control of private interests, you will see corporations just lobby and get what they want that way. Socialism remains necessary, which is the first step to Communism.

Secondly, cooperative ownership is nice, but it doesn't stop the natural centralizing of markets or prove more efficient than public ownership and planning at higher levels of development.

Really, it sounds like you would like the PRC's model of economy. Companies like Huawei are worker-owned, the Proletariat has control over the state and thus profit isn't the central guiding factor of the economy, and there are checks in place to punish corporations that go against benchmarks and metrics for "good" vs "bad" behavior.

This is the "extreme ideology" you said doesn't work.